Deep Intelligence Across Industries

Company Headquarters: US Founded: 1916 Workforce: ~ 156,000 Company Working: Boeing Company's Défense, Space & Security (BDS) is a business unit that specializes in the production, maintenance, and improvement of fixed-wing and rotary-wing aircraft, commercial and government satellites, human spaceflight programs, and weapons. BDS is a renowned global leader in the defence and space industry, with core competencies in the development, production, and mission-critical upgrades of comprehensive solutions. Its primary markets include aeronautics, space, and weapons. BDS is committed to delivering innovative, digitally advanced, and highly efficient solutions to its customers. Its expertise lies in the production and integration of complex systems that provide integrated solutions to meet the diverse needs of its customers. BDS is a highly skilled and experienced contractor that delivers advanced solutions in the fields of defence, space, and security, with an emphasis on quality, efficiency, and customer satisfaction.

Company Headquarters: North Carolina, United States Founded: 2018 Workforce: ~77,200 Company Working: Collins Aerospace, a subsidiary of Raytheon Technologies Corporation (RTX), is a leader in technologically advanced and intelligent solutions for the global aerospace and defense industry. The company operates its business in four main segments which are, Avionics, Mission Systems, Mechanical Systems, and Power and Controls. Collins Aerospace provides a wide range of products and services for the aviation sector, including aircraft data systems, connectivity solutions, electrical power systems, flight deck systems, cabin systems, and more. The Aircraft Interface Device (AID) segment of the company offers a variety of products that enable secure and efficient data transfer between avionics systems and electronic flight bags, wireless devices, and ground servers. Moreover, Collins Aerospace also develops custom AID solutions for specific customer requirements. The company has its businesses in more than 60 countries and regions across North America, Europe, Asia, and Africa

Company Headquarters: New York, United States Founded: 1968 Workforce: ~2700 Company Working: Astronics Corporation (ATRO) is a leading provider of advanced technologies for the aerospace and defense industries. The company operates its business in two main segments which are, Aerospace and Test Systems. ATRO is an innovator in aircraft data systems, connectivity solutions, electrical power systems, lighting and safety systems, and other products and services for the aviation sector. The Aircraft Interface Device (AID) segment of the company offers a range of products that enable secure and efficient data transfer between avionics systems and electronic flight bags, wireless devices, and ground servers. ATRO’s AID products include the webCS Wireless Aircraft Communications Server, the webFB Smart Aircraft Interface Device, and the Ballard Technology AID. ATRO’s AID products are used by various airlines, such as Cathay Pacific Airways1, to support their eEnabled Aircraft Program. Additionally, ATRO also develops custom AID solutions for specific customer requirements. The company has its businesses in more than 50 countries and regions across North America, Europe, Asia, and Australia

Company Headquarters: Germany Founded: 1953 Workforce: ~109,509 Company Working: Lufthansa Technik is a part of Lufthansa group is among the leading providers of maintenance, repair, and overhaul services (MRO) for civilian commercial aircraft. The Lufthansa Technik group comprises 30 plants offering technical aviation services worldwide. The company also holds direct and indirect stakes in 64 companies. Lufthansa Technik AG serves more than 800 customers worldwide, including OEMs, aircraft leasing companies, operators of VIP jets, governments, and armed forces, as well as airlines. Around one-third of its business comes from entities in the Lufthansa Group and two-thirds from clients outside the Lufthansa Group. The volume of demand for aircraft maintenance, repair, and overhaul (MRO) services continued to rise in the year 2022 as a result of the recovery of passenger traffic. The Passenger Airlines segment includes, on the one hand, the network airlines Lufthansa German Airlines, SWISS, Austrian Airlines, and Brussels Airlines. As part of the multihub strategy, they offer their passengers a broad range of flights from their global hubs in Frankfurt, Munich, and Zurich as well as their national hubs in Vienna and Brussels. Lufthansa German Airlines also includes the regional airlines Lufthansa CityLine, Air Dolomiti, and Eurowings Discover, the Lufthansa Group’s holiday airline. Besides the network airlines, Eurowings also belongs to the Passenger Airlines segment. This airline provides a comprehensive range of point-to-point connections for European short-haul destinations, in particular from German-speaking countries. Besides its Passenger Airlines business segment, the Lufthansa Group also comprises aviation services. This includes the Logistics, MRO, and Catering segments in particular. The Lufthansa Group also includes the Additional Businesses and Group Functions. These comprise Lufthansa AirPlus, Lufthansa Aviation Training, and Lufthansa Systems especially.

Company Headquarters: Chennai, India Founded: 1992 Workforce: ~1,800 Company Working: Ramco Systems Limited is a provider of services and enterprise solutions for various industry including manufacturing, aviation, asset management, and trading & logistics. The company also provides information security services, converged networking solutions, and total contact center solutions. Ramco Systems has a strong customer base, including Conair, Citigroup, ICI, Intel, ICICI, Ericsson, Reliance Energy, Moser Baer, Philips, Seagate, Revertex, AEC, eThekwini, Savage Arms, Amara Raja Batteries, PHI, Schlumberger, Rakbank, Swatch Group, Ruag Aerospace, GOAP, MJB Wood, CavinKare, Essex Crane, MMTC, Madras Cements, Columbia Helicopters, and Tropical Cheese. The company has 24 global offices worldwide, including the US, Switzerland, Malaysia & Singapore, the UK, and India.

Company Headquarters: Germany Founded: 1998 Workforce: ~100 Company Working: Proton Motor Gmbh is a manufacturer of eco-friendly hydrogen fuel cell as well as fuel cell hybrid systems for maritime, automotive, and stationary systems along with rail transport. The company offers solutions from production to development as well as manufacturing to customized solutions. The company offers fuel cell, fuel cell systems, turnkey solutions, and services. Proton Motors have applications for commercial vehicles, buses, ships, and trains, as well as stationary power generation. Proton Motor serves Telecoms, IT, public infrastructure as well as healthcare customers in Germany, the Middle East, and Europe with power supply solutions for AC and DC power demand. Moreover, the company also offers solutions for solar systems along with a new product line for solar energy storage.

Company Headquarters: Sweden Founded: 1994 Workforce: ~112 Company Working: The PowerCell Group develops as well as manufactures fuel cell stacks along with fuel systems with a uniquely high power density. The company products are used in a broad range of industries, marine, including aviation, marine, off-road, and on-road. PowerCell technology combines efficiency with compact design as well as contributes to major emissions reduction. The company's solution contributes to a sustainable and emission free. PowerCell is an industrial spin-out from the Volvo Group. The company has a presence in Europe, Asia, and North America.

Company Headquarters: Republic of Korea Founded: 1968 Workforce: 2,500+ Company Working: Poongsan Corporation is a 1968-founded South Korean corporation. It predominantly produces copper and copper-based products but also a vast array of ammunition for military and civilian use. The company's headquarters are in Seoul, South Korea, with several international subsidiaries. Poongsan Corporation is regarded as one of the world's foremost ammunition manufacturers. Small caliber, medium caliber, and large caliber ammunition, as well as artillery shells, mortars, and missiles, are among its ammunition products. Additionally, the company offers ammunition components such as primers and propellants. The copper products division of Poongsan Corporation manufactures a wide variety of copper-based products, including copper rods, wires, and pipelines, as well as copper alloy products. Additionally, the company manufactures defense systems, precision machinery, and additional industrial goods. Overall, Poongsan Corporation has earned a solid reputation for its products' quality and capacity to provide innovative solutions to its defense and industrial consumers.

Company Headquarters: Norway Founded: 1998 Workforce: 2,700+ Company Working: Nammo AS is a 1998-founded Norwegian defense corporation headquartered in Raufoss, Norway. Nammo is an industry leader in designing and manufacturing ammunition, rocket engines, and space applications. The corporation has manufacturing facilities in the United States, Norway, Sweden, Finland, Germany, Spain, and Switzerland. Nammo offers ammunition for small arms, medium-caliber weapons, rocket motors, and artillery ammunition. In addition to its defense products, Nammo also offers solutions utilizing sophisticated aerospace technology. In 2021, Nammo AS had approximately 2500 employees globally, generating approximately 4.4 billion Norwegian Krone (NOK) in revenue. The Norwegian government and the Finnish defense corporation Patria own the company. National defense forces, law enforcement agencies, and commercial consumers are Nammo's primary customers. The company's mission is to create innovative solutions that improve the efficiency and safety of its clients.

Company Headquarters: United States Founded: 2014 Workforce: 6,000+ Company Working: Vista Outdoor Inc. is an American company specializing in outdoor activities and recreation products. Outdoor Products, Shooting Sports, Golf, and Archery are the four categories the company designs, manufactures and distributes. Vista Outdoor is headquartered in Anoka, Minnesota, and has international operations in thirteen countries. Vista Outdoor, founded in 2015, has expanded through acquisitions, including CamelBak, Bushnell, and Savage Arms. Outdoor Cooking Equipment, Helmets, Goggles, and Hydration Systems are some of the products included in the Outdoor Products segment of the corporation. The Shooting Sports product line includes ammunition, firearms, reloading equipment, and accoutrements. The Golf segment consists of golf balls and accoutrements, whereas the Archery segment offers bows, arrows, and accessories. Vista Outdoor strives to provide outdoor and shooting sports enthusiasts with high-quality products. The organization is devoted to sustainability and aims to reduce greenhouse gas emissions by 10% by 2025.

Company Headquarters: Shenzhen, ‎China Founded: 2006 Workforce: ~14,000 Company Working: DJI manufactures commercial unmanned aerial vehicles for aerial photography and videography. The company also designs and manufactures camera gimbals, action cameras, camera stabilizers, flight platforms, propulsion systems, and flight control systems. The company has offices in the US, Germany, the Netherlands, Japan, South Korea, Beijing, Shanghai, and Hong Kong. The company has a wholly-owned subsidiary Shenzhen Dajiang Baiwang Technology Co., Ltd., which is a high-tech manufacturing facility specializing in unmanned aerial vehicles. DJI provides UAVs for commercial as well as agriculture applications.

**Three-year employee trend (avg FTE):** FY2023 2,217 → FY2024 2,422 (+9.2%) → FY2025 2,634 (+8.7%) → H1 2026 2,895 (+13.6% vs H1 2025's 2,548). Around 1,226 FTEs (c. 47%) were employed in Austria in FY2025 (AR2025), and around 1,300 (c. 45%) in H1 2026 (HY2026). Frequentis is a Vienna-based, family-controlled specialist in communication, information and control-centre solutions for safety-critical operations. Its heritage and largest franchise is voice communication systems (VCS) for air traffic control, where it describes itself as the world leader; around that core it has built adjacent positions in aeronautical information management, arrival/departure management, remote digital towers, drone (UTM) management, military command-and-control voice, police/fire/ambulance dispatch, railway dispatcher communications and coastguard/port systems. More than 90% of its customers are public authorities, giving it unusually defensive, budget-driven demand, long contract tails and high entry barriers, at the cost of lumpy project execution and modest structural margins (EBIT margin 6–9% across FY2021–FY2025). In FY2025 it produced EUR 580.1m revenue and EUR 46.8m EBIT with a record EUR 794.9m order backlog, and is now pivoting toward software-centric, standards-based platforms (MCX/5G, FRMCS, cloud ATM) while benefiting from rising European defence and US air traffic control modernisation spending. --- ### Company's own description (AR2025) Frequentis describes itself as a provider of applications, solutions and systems for the safety-critical sector, whose mission is "for a safer world." Its solutions are used in customers' command and control centres by air traffic controllers, dispatchers and operators. The company states that it is the global market leader in high-tech systems for air traffic management and that it serves more than 550 customers in some 150 countries through a network of companies and local representatives in more than 50 countries (AR2025, "The Company"). The company frames every control centre as comprising four interacting components: (1) tactical situation tools showing operators the current picture; (2) planning and management tools to support fast, safe decisions; (3) voice and data communication systems to talk to traffic participants, emergency crews or security forces; and (4) safety-critical networks guaranteeing operational continuity. Voice and data communication — where Frequentis claims world leadership — is positioned as the natural entry point from which fully integrated control-centre solutions are sold (AR2025). Its long-term vision is to be the global number one in solutions for control centres in the safety-critical sector. As a systems integrator integrating its own software (and in part its own hardware) into customers' landscapes, management expects long-run profitability in project business "on the level of established IT systems integrators," and states that the transformation to a software-centric business is under way but will take several years given the customer structure (AR2025 Preface). ### Business model and revenue model | Revenue category (EUR m) | H1 2025 | H1 2026 | Comment | |---|---|---|---| | New products and/or new customer business | 99.4 | 191.5 | Driven by large Americas project (HY2026 Note 4) | | Installed base business (IBB) | 128.6 | 143.3 | Upgrades, extensions, maintenance on existing systems | | Other revenues | 8.7 | 8.0 | — | | Total | 236.8 | 342.9 | — | Frequentis operates a project-plus-lifecycle model: large, multi-year system deliveries (often tendered by national air navigation service providers, defence ministries, interior ministries, railway infrastructure managers and coastguards) followed by long maintenance, upgrade and extension streams on the installed base. The company discloses revenue by category rather than by product/service/licence: IBB represented c. 54% of revenue in H1 2025 and c. 42% in H1 2026 (derived), illustrating that a substantial recurring/semi-recurring layer underpins the project business. Most revenue is recognised over time (percentage-of-completion on customer contracts and straight-line on maintenance); point-in-time revenue (short services, spare parts, certain hardware deliveries) jumped to EUR 60.3m in H1 2026 from EUR 15.2m in H1 2025, mainly because of a major Americas project (HY2026 Note 4). A precise product vs. service vs. subscription vs. licensing split is not publicly disclosed. A secondary source (Under-Followed-Stocks, FY2024 review) cites roughly 20% of revenue from software products; the company itself confirms that its hardware-to-software conversion is ongoing and that new business models such as software-as-a-service and cloud are a focus area (AR2025). Subscription/SaaS revenue is not separately reported. ### Customers and end-markets **Customer type:** over 90% public authorities or government-related entities (AR2025). Typically one to two ATM customers per country (civil ANSP plus military), which the company says implies relatively high entry barriers (HY2026 Note 3). **Concentration:** in H1 2026 one customer accounted for more than 10% of group revenue — EUR 110.0m, in the ATM segment (HY2026 Note 3). The customer is not named; given the disclosed scale of FAA programmes (APCS / BNATCS-VoICE modernisation) and the Americas revenue surge, this is very likely the US Federal Aviation Administration, but that attribution is an analyst inference, not a company disclosure. In H1 2025 no customer exceeded 10%. **End-markets:** civil air traffic control (incl. AIM); military air traffic control and air defence (c. 20% of group revenue in FY2024 per AR2024); police, fire and emergency rescue; railways and local public transport; coastguards and port authorities. ### Value-chain position Frequentis sits between component/radio/IT-hardware suppliers (it sources radios from partners such as Rohde & Schwarz, servers and electronic components from the IT market) and the end operator. It owns the application software layer (VCS, CAD, AIM, AMAN/DMAN, MCX client/server via Nemergent, UTM), performs systems integration, and provides lifecycle services. Its own value chain centres on product development and production, domain sales, key accounts, and product and project management (AR2025, ESRS 2 SBM-1). Production is mainly assembly/integration of safety-critical systems; inventories of finished assemblies are built up for large programmes (EUR 64.5m inventories at 30 June 2026). ### Independent characterisation Frequentis is best understood as a niche, mission-critical systems integrator with a dominant ATM voice-communications franchise and a portfolio of bolt-on software assets. Three features define the investment case: (i) quasi-infrastructure demand — control centres must operate regardless of traffic or incident volumes, so investment is sticky through cycles; (ii) structural tailwinds from airspace modernisation (IP-based voice, cloud-native ATM, digital towers), drone integration, the GSM-R-to-FRMCS migration in rail, the TETRA-to-MCX (5G) migration in public safety, and European re-armament; and (iii) margin structure constrained by fixed-price project risk, high personnel intensity (personnel expenses were EUR 292.1m, or c. 50% of FY2025 revenue) and the hardware component of deliveries. The ATM segment generates c. 70% of revenue but historically lower margins than PST, a pattern that reversed in H1 2026 on timing effects.

Company Headquarters: Wisconsin, United States Founded: 1917 Workforce: ~ 15,000 Company Working: Oshkosh Corporation (Oshkosh) develops, manufactures, and sells a wide range of engineered specialty vehicles and critical equipment. Aerial work platforms, tele-handlers, tactical trucks, trailers, firefighting vehicles and equipment, snow removal vehicles, ARFF vehicles, simulators and other emergency vehicles, refuse collection vehicles, concrete mixers, portable and stationary concrete batch plants, and vehicle components are among the company's major products. Among those served by the company are equipment rental companies, manufacturing companies, construction contractors, home improvement centres and towing companies, as well as the US military, fire departments, airports, and other governmental units. It sells its products directly as well as through a network of distributors in North America, Europe, Africa, the Middle East, and the rest of the world.

Company Headquarters: California, US Founded: 2010 Workforce: ~ 1,090 Company Working: Planet Labs Inc. is the leading provider of global, daily satellite imagery services and insights. The company provides planet monitoring, tasking, analytics, imagery, and archive products, as well as universal access to information about the changing planet. Planet Labs serves customers worldwide.

Company Headquarters: Westminster, Colorado, US Founded: 1969 Workforce: ~ 4,400 Company Working: Maxar Technologies Inc (Maxar) is a provider of communications and information solutions with focus on communications, surveillance, and intelligence sector. The company offers communication satellites, satellite payloads, satellite antenna subsystems, imaging satellite ground systems, space-based, and geospatial information services. It also supplies robotic systems for the space markets. Maxar is involved in business and program management, systems engineering, systems integration, testing and support services. The company serves commercial and government organizations including communication satellite operators, communication satellite manufacturers, government agencies and space markets. It operates across the Americas, Europe, Middle East, and Asia.

Company Headquarters: US Founded: 1916 Workforce: ~ 156,000 Company Working: Boeing Company's Défense, Space & Security (BDS) is a business unit that specializes in the production, maintenance, and improvement of fixed-wing and rotary-wing aircraft, commercial and government satellites, human spaceflight programs, and weapons. BDS is a renowned global leader in the defence and space industry, with core competencies in the development, production, and mission-critical upgrades of comprehensive solutions. Its primary markets include aeronautics, space, and weapons. BDS is committed to delivering innovative, digitally advanced, and highly efficient solutions to its customers. Its expertise lies in the production and integration of complex systems that provide integrated solutions to meet the diverse needs of its customers. BDS is a highly skilled and experienced contractor that delivers advanced solutions in the fields of defence, space, and security, with an emphasis on quality, efficiency, and customer satisfaction.

Company Headquarters: Melbourne, Florida, US Founded: 2019 Workforce: ~47,000 Company Working: L3Harris Technologies, Inc. (L3Harris) is formed by the merger of L3 Technologies Inc. and Harris Corporation. The company provides technology-based solutions to address mission-critical challenges government and commercial customers face in the US and international markets. It operates through three business segments, namely, communication systems, space and intelligence systems, and electronic systems. It designs, develops, and manufactures radio communications products and systems, vision-enhancing products, wireless communications systems, and Internet protocol-based voice and data communications systems. Additionally, L3Harris provides electronic warfare, avionics, command, control, communications, computers, intelligence, surveillance, and reconnaissance (C4ISR) solutions for defense and classified customers and mission-critical communication systems for civil and military aviation customers.

Company Headquarters: Sparks, Nevada, US Founded: 1963 Workforce: ~5,000 Company Working: Sierra Nevada Corporation is a provider of electronic aerospace and defense systems. It offers communication, navigation, and air traffic management systems. The company also offers intelligence, reconnaissance, surveillance, command, and control products. It serves customers in the US and other internationals.

Company Headquarters: Taiwan Founded: 1987 Workforce: ~51,000 Company Working: Taiwan Semiconductor Manufacturing Company Limited (TSMC) is one of the world's leading semiconductor foundries. The company is engaged in developing, selling, packaging, testing, and computer-aided designing of integrated circuits (ICs) and other semiconductor devices and manufacturing masks. The company provides a wide range of integrated semiconductor foundry services, including the most advanced process technologies, leading specialty technologies, the most comprehensive design ecosystem support, excellent manufacturing productivity and quality, advanced mask technologies, 3DFabricTM advanced packaging, and silicon stacking technologies, to meet a growing variety of customer needs. The company deployed 281 diverse process technologies and created 11,617 items for 510 clients in 2020 by providing the broadest range of advanced, specialty, and advanced packaging technology services. The corporation is active in Asia, Europe, North America, and other parts of the world.

Company Headquarters: Wimborne, Dorset, UK Founded: 1934 Workforce: ~10,000 Company Working: Cobham PLC (Cobham) provides a range of technologies and services to the commercial, defense, aerospace, space, and security industries in the UK and internationally. It operates through four business segments—communications and connectivity, mission systems, advanced electronic solutions, and aviation services. Through its communications and connectivity segment, it offers equipment and solutions for the aerospace, avionics, radio, antenna, wireless, satellite, and mobile connectivity markets. Through the mission systems segment, it provides safety and survival systems for extreme environments; aerial refueling systems; and mission systems for jets, transport aircraft, and rotorcraft. Its advanced electronic solutions segment offers critical solutions for communication on land, at sea, in the air, and in space through off-the-shelf and customized products, such as radio frequency, microwave, microelectronics, antenna subsystems, and motion control solutions. The aviation services segment delivers outsourced aviation services for military and commercial customers through military training, special mission flights, outsourced commercial aviation, and aircraft engineering services.

Company Headquarters: ‎Plaisir‎, France Founded: 1896 Workforce: ~35,000 Company Working: Zodiac Aerospace develops the most advanced solutions for improving comfort and onboard aircraft safety, along with high-tech systems that improve aircraft performance and flight safety. In early 2008, the Zodiac sold its marine business and renamed itself as Zodiac Aerospace and refocused on its core business. The company is a world leader in the provision of aeronautical systems and equipment mounted onboard commercial, regional, and business aircraft, and helicopters. Since February 2018, Zodiac Aerospace is a subsidiary of the Safran Group. Zodiac Aerospace is engaged in two main activities - aircraft interiors, which brings together the cabin and seat divisions, and the aerosystems business, which comprises the aerosystems division. The firm provides a distribution network of component and equipment repair services, spare parts, support solutions, technical support, and training services. The company's products have wide applications in regional, commercial, business, military aircraft, and civil aviation market. It operates in some countries in Europe and in the Americas. Through its aerosystems activities division, it provides IFE solutions for commercial aircraft. The Aerosystems division accounts for 43.6% share of the company’s revenue and employs nearly 12,000 employees worldwide. It provides IFE systems, under the brand name RAVE, which allows passengers to access AVOD, as well as other contents. In 2012, the company had launched its embedded AVOD system, namely RAVE Seat Centric. Since then, more than 35 airline operators have chosen RAVE. As of 2017, the company has installed its RAVE Seat Centric solutions to over 562 operational aircraft comprising 45 airline customers.

Company Headquarters: Raunheim, Hessen, Germany Founded: 2015 Workforce: ~2,200 Company Working: Lufthansa Systems operates as a subsidiary of Lufthansa Group. It was formed as a spin-off of the Lufthansa Group’s airline solutions division. It is one of the leading providers of IT services to the aviation industry and has also managed to establish its presence in over 16 countries. Over the years, the firm has managed to create a brand that the global airline industry is familiar with. The firm offers more than 300 of its airline customers an extensive range of market-leading in-flight products and services. The firm specializes in consulting, analytics, airline solutions, application management, mobile solutions, mobile apps, digitalization, flight preparation, connectivity, in-flight entertainment, finance solutions, flight planning, and flight monitoring. In the year 2015, Lufthansa Systems undertook a reorganization to mainly operate through its three operating units–infrastructure, airline solutions (currently known as Lufthansa Systems), and industry solutions (currently known as Lufthansa Industry Solutions). The company developed BroadConnect, a wireless IFE platform, which enables passengers to watch movies, shop, or find out information regarding destinations using their mobiles, laptops, or tablets. This entertainment platform can also be tailored as per the requirements of airline customers.

Company Headquarters: Chicago, Illinois, US Founded: 1991 Workforce: ~1,150 Company Working: Gogo Inc. engages in the provision of aero communication services to the global aviation industry. The company provides a comprehensive suite of connectivity solutions to commercial and business airline operators globally. It offers embedded IFE and wireless IFE solutions (under the brand name Gogo Vision) to both business and commercial aviation customers. As of 2018, the company had installed its Gogo Vision wireless and embedded IFE systems on over 3,000 commercial aircraft, as well as 7,000 business aircraft. The Gogo Vision allows passengers to experience preloaded wireless contents such as movies, TV shows, and music using their personal laptops, tablets, and mobile phones. The company has established partnerships with 11 major commercial airlines globally.

Company Headquarters: Istanbul, Turkey Founded: 2006 Workforce: ~ 7,435 Company Working: Turkish Technic Inc. is a leading aircraft maintenance, repair and overhaul service providing company. The company provides services such as airframe heavy maintenance, engine and APU overhaul, and LDG overhaul. It owns five wide and narrow-body aircraft hangars, one VIP and light aircraft hangar in Istanbul, and one narrow-body aircraft hangar in Ankara, through which it provides MRO services to its clients. Other service offerings of the company include non-destructive testing, calibration services, design services, fleet asset management, research and development, material sales, engineering services, and training services. Turkish Technic Inc. serves airlines in Europe, Northern Africa, the Middle East, Turkey, and the Commonwealth of Independent States.

Company Headquarters: Bern, Switzerland Founded: 1998 Workforce: ~10,000 Company Working: RUAG Group has production locations in Switzerland, Germany, Sweden, Finland, France, Austria, Hungary, Australia, and the US. The company’s business segments are classified as space, aerostructures, aviation, Ammotec, and defence. The company’s aviation division has developed the Center of Excellence for Civil and Military Aircraft Maintenance for developing, manufacturing, and integrating aviation systems and subsystems. Its aerostructures division specializes in the development, manufacturing, and final assembly of sophisticated components and parts for civil and military aircraft.

Company Headquarters: Germany Founded: 1889 Workforce: 25,000+ Company Working: The German multinational corporation Rheinmetall AG operates in the automotive and defense industries. The corporation was established in 1889 and had its main office in Düsseldorf, Germany. Two business divisions comprise Rheinmetall: Rheinmetall Automotive, which manufactures automotive components, and Rheinmetall Defense, which manufactures defense equipment and systems. As of 2021, Rheinmetall AG employs over 25.000 individuals and operates in over 40 countries. The defense division of Rheinmetall manufactures a vast array of products and systems, such as combat vehicles, weapon systems, ammunition, electronic systems, simulation and training solutions, and more. The company's automotive division manufactures components for the global automotive industry, including pistons, engine blocks, and camshafts. Rheinmetall AG has been expanding its operations in North America and Asia. It has a significant presence in Europe. Additionally, the corporation has been involved in research and development in the defense and automotive industries. Overall, Rheinmetall AG is a significant player in the defense and automotive industries, offering a wide variety of products on a global scale. Focusing on research and development has allowed the company to remain competitive in both industries.

Company Headquarters: California, US Founded: 1949 Workforce: ~5,600 Company Working: Cubic Corporation is a provider of integrated solutions. The company designs, integrates, and operates systems, products, and services for the transportation, defense C4ISR, and training domains. It operates through three business segments—cubic transportation systems, cubic global defense systems & services, and cubic mission solutions. The cubic transportation systems segment designs, produces, installs, and services electronic revenue collection systems for mass transit projects, including railways and buses. The cubic global defense services segment covers training, operations, intelligence, maintenance, technical, and other services. The cubic global defense systems segment consists of customized military range instrumentation, laser-based training systems, and virtual simulation systems.

Company Headquarters: Middletown, Rhode Island, US Founded: 1982 Workforce: ~600 Company Working: KVH Industries, Inc. is a global leader in mobile connectivity, inertial navigation systems, and maritime VSAT. It designs, manufactures, and provides connectivity and content services globally. It is also a leading manufacturer of high-performance sensors and integrated inertial systems for defense and commercial applications. The company offers its mobile communications products through a network of retailers, chain stores, distributors, and service providers, while its navigation products are sold directly to the US and other governments.

Company Headquarters: Botany, Australia Founded: 1983 Workforce: ~1,500 Company Working: Speedcast International Limited (Speedcast), together with its subsidiaries, provides end-to-end remote communication and IT solutions. The company designs, integrates, secures, and optimizes networks tailored to customer needs by utilizing its extensive local support. It also offers value-added services, such as user applications, network optimization, and network monitoring and management. Furthermore, it sells network equipment directly to customers comprising satellite terminals, routers, modems, and other types of equipment related to the provision of network and value-added services. Speedcast serves more than 2,000 customers in over 140 countries via 39 teleports, including offshore rigs and cruise ships.